I really think management need to learn how to market this stock...

I really think management need to learn how to market this stock a bit better

Take for example the "Shark Warning System". It got a near full page mention recently ...



We learn in the AGM presentation that it is just 4 units on paid field trials. a total cumulative income of $80/day or $560/week.


What I want to know, is there potential to roll out 500 of these across Australia, and what is the time frame for doing so. 500 would be recurring revenue of $3.6Mp.a. Dealing will local shires 1 by 1 and what not isn't going to get this on most Australian beaches quickly. Can SP3 do a deal with Surf Life Saving Australia, lobby the Federal or WA governments ? If there is a real opportunity to see this on 500+ beaches, then they should just go after the biggest fish to get it done the quickest. $3.6Mp.a to the government is a pittance compared to what they spend on shark nets, drum lines, choppers etc. I would like to know the plan of attack is here, we have't been given much.

The other thing from the AGM that I noticed was this:-



SP3 are working on a number plate recognition camera. If they can incorporate this into their thermal range and solar range and compete with what is currently in use (especially with the AI and motion detection etc), then there could be literally thousands of fixed and mobile speeds cameras in Australia alone this could apply to. You'd imagine these would sell for a few $K, and again dealing with local governments any order should be sizeable

Why haven't they given a spiel on this or some info on the potential ?

The only real hint about cannabis protection was this:-



They are correct in saying this is a "sweet spot" for SP3 customer types. Every bit of feedback from growers I have sent this to is that it looks great, they can incorporate other in field sensors (soil monitoring, temperature etc) into it and it would assist with their regulatory and licensing process

I did the numbers on even a small 5.5 acre recreational Tier 2 site in Oregon, they'd require 8 thermal cameras to protect their property, and likely want some solar cameras as well. That is an easy $150K order. So if they are able to land some big fish, who cultivate on the scale of 60-100 acres or more, their revs will go parabolic. Jag a "name" in cannabis and you'll soon become the "go to" for security

I'm hoping that if they were happy to give the Shark Warning System a half page spiel on getting trials implemented, they really give any cannabis protection the exposure it deserves ... let's see !